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Cash Flow Statement

Department of Veterans' Affairs
Cash Flow Statement

for the period ended 30 June 2017

    2017 2016 Original
Budget
  Notes $'000 $'000 $'000
OPERATING ACTIVITIES        
Cash received        
Appropriations   293,782 297,876 316,792
Rendering of services   8,300 9,512 50,816
Net premium revenue   42,762 42,144 2,801
Insurance agency revenue received   2,818 2,851 -
Reinsurance and other recoveries   507 2,563 -
Interest   1,252 856 -
Net GST received   8,045 7,715 9,741
Total cash received   357,466 363,517 380,150
Cash used        
Employees   195,517 201,419 188,837
Suppliers   131,566 109,308 143,094
Income tax paid—competitive neutrality   268 317 -
Claim payments   28,392 29,989 37,100
Reinsurance premiums   7,055 7,441 -
Acquisition costs   366 425 -
Fire brigade and emergency services contributions   1,143 1,527 -
Section 74 receipts transferred to the Official Public Account   7,222 8,627 8,142
Total cash used   371,529 359,053 377,173
Net cash from operating activities   (14,063) 4,464 2,977
         
INVESTING ACTIVITIES        
Cash received        
Investments realised   6,563 6,344 -
Total cash received   6,563 6,344 -
Cash used        
Purchase of leasehold improvements   825 6,870 -
Purchase of property, plant and equipment   318 400 -
Purchase of intangibles   15,422 4,785 32,577
Purchase of investments   10,077 9,966 2,800
Total cash used   26,642 22,021 35,377
Net cash used by investing activities   (20,079) (15,677) (35,377)
         
FINANCING ACTIVITIES        
Cash received        
Contributed equity   32,844 13,802 32,577
Total cash received   32,844 13,802 32,577
Net cash from financing activities   32,844 13,802 32,577
         
Net increase/(decrease) in cash held   (1,298) 2,589 177
Cash and cash equivalents at the beginning of the reporting period   7,711 5,122 4,289
Cash and cash equivalents at the end of the reporting period 3.1A 6,413 7,711 4,466

The above statement should be read in conjunction with the accompanying notes.

For budgetary reporting information refer to Note 8.1.

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